Google’s Illegal Internet Ad Monopoly Blunts America’s Competitive Edge in Tech
Washington, D.C. — On Thursday, a federal judge ruled that Google maintains an illegal online advertising monopoly. The internet search megacompany faces another court date soon to determine remedies after another federal judge ruled last fall that it broke the law by maintaining an illegal monopoly over online searches. Demand Progress Education Fund previously joined a letter asking the government to probe Google’s online video monopoly and recently asked the government to review Google’s $32 billion dollar deal to acquire Wiz, a leading cloud cybersecurity company.
The following is a statement from Emily Peterson-Cassin, corporate power director at Demand Progress Education Fund:
“Our nation has grown prosperous and powerful because of competition and Google’s illegal monopolies are blunting our competitive edge in the tech industry. The company’s near-total dominance of the online advertising market hurts media companies, rival search engines, social media companies and anyone who consumes media on the internet. As one of the richest, most powerful companies in the history of humanity, a mere fine or slap on the wrist won’t cut it. For the good of our nation and the health of our tech and media industries the government must force Google to sell its advertising technology division.”